EVANSVILLE, IN 47711

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Location: Evansville, IN (North Park, near Garvin Park)

ARV: $147,625

Estimated Rehab: Buyer to verify

Potential Gross Profit: ~$50,725 before rehab

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PROPERTY

2 bed / 1 bath / 900 SqFt

Lot: 4,290 SqFt | Built 1921 | 1 unit

Frame with lap siding | Brick foundation | Front porch

Occupied, tenant in place

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THE NUMBERS

In-place rent: $715/mo

Market rent: approx $938/mo

Upside: $223/mo, or $2,676/yr gross

Pro forma NOI: $6,507/yr, approx 6.7% cap

Price per SqFt: approx $108 vs. approx $149 comp avg

Taxes: $2,061/yr | Insurance: $1,000/yr

Expenses: Tenant pays utilities. Owner pays taxes, insurance, and management.

Figures are pro forma. Buyer to verify rent, NOI, and expenses.

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INVESTOR HIGHLIGHTS

- ~34% below an ARV built from 4 verified sales within 0.5 mi

- Closest comp, similar size and age, sold for $155,500

- Pocket resales closed $135,000 to $155,500 in the last 12 months

- Tenant in place with $223/mo upside to market at renewal or turnover

- Two exits: hold and push rent, or renovate and resell

- Evansville 2 bed rentals leased in a median 19 days in Q1 2026

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TERMS

Cash, hard money, private money, or DSCR

FAST CLOSE: Funding must be ready to close quickly

SOLD AS-IS: No repairs by seller

ACT FAST: Deals like this don't last long

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CONTACT

Jack, for details and exact location

Call/Text: (463) 240-1822

Email: Sales@FiveStreamVentures.com